News: Owners Developers & Managers

Winter: A costly time for owners of vacant properties

With oil prices climbing close to $90 per barrel, owners of vacant commercial properties are hoping for a mild winter. These rising utility costs leave owners searching for an alternative to fully heating their unoccupied property. Many owners have found this alternative with Commercial Industrial Facility Management (CIFM). CIFM Services is the premiere energy saving management company in Mas. for vacant buildings. With the monitoring, adjustment, and downsizing of utilities, CIFM reduces utility costs to a minimum. Building owners can expect a savings of 40-70%, depending on circumstances. The man behind the implementation of this utility savings program is John Sweeney. John has extensive knowledge of all systems including electrical, sprinkler systems, rooftop HVAC and gas/oil boilers. In addition to John, on staff are a team of fully licensed and insured professionals who can deal with modern energy management systems. Gina Fetbroth, executive director of CIFM Services, has been in the real estate business since 1985 and has vast knowledge of real estate management. The key to CIFM's success is in the monitoring of properties. Remote and physical inspections ensure that a building is running at a minimal temperature without any frozen pipes. Through the use of surveillance, alarm systems, freeze alarms, and motion detectors, building owners can reach the level of security necessary for their property. If you are unhappy with your utility costs, pick up your phone and set up a free consultation for your property. Call CIFM Services at 781-894-1717. Gina Fetbroth is an associate at CIFM Service, Waltham, Mass.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary